Loading Content...
Affordable Housing and Demographic Shifts in Philadelphia's Rhawnhurst Neighborhood
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Rhawnhurst, a neighborhood in Philadelphia, Pennsylvania, has a presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The neighborhood's LIHTC inventory comprises 323 total units, with 322 designated as low-income units. Based on the 2022 population of 27,166 and an estimated 10,408 housing units, LIHTC funded affordable housing represents approximately 3.1% of the neighborhood's estimated housing inventory.
The LIHTC program has invested $1,212,373 in tax credits for affordable housing projects in Rhawnhurst. This investment translates to an average federal funding of about $3,753 per unit. The Samuel Tabas Apartments, completed in 2014, is the notable LIHTC project in the neighborhood. This project marks the beginning of LIHTC-funded affordable housing in Rhawnhurst, based on the available data.
The affordable housing inventory in Rhawnhurst consists of a mix of unit types. The breakdown includes 23 efficiencies, 92 one-bedroom units, and 1 two-bedroom unit. This distribution indicates a focus on housing for smaller households or individuals.
Rhawnhurst has experienced demographic shifts over the past decade. The population increased from 26,225 in 2013 to 27,166 in 2022, indicating a growing demand for housing. The median income fluctuated, reaching $55,666 in 2021 before decreasing to $52,436 in 2022. This trend suggests a persistent need for affordable housing options.
The racial composition of Rhawnhurst has become more diverse. The white population decreased from 67% in 2013 to 48% in 2022, while the Asian population increased from 11% to 17%, and the Black population rose from 7% to 17%. The Hispanic population grew from 9% to 12%. This increasing diversity may indicate changing housing needs and preferences in the neighborhood.
Rhawnhurst's LIHTC-funded affordable housing inventory covers a relatively small portion of the estimated housing stock. The Samuel Tabas Apartments, completed in 2014, represent a significant investment in affordable housing for the neighborhood. The diverse unit mix, with a focus on smaller units, aligns with the changing demographics of the area. As Rhawnhurst continues to grow and diversify, ongoing assessment of affordable housing needs will be crucial to ensure adequate housing options for all residents.
